Elon Musk, SpaceX's founder and CEO, has said that the BFR could also send people to the moon, launch satellites to low Earth orbit, clean up orbital debris and transport passengers around Earth at record speeds. Most of the time, the rockets utilize various methods of making a landing that does not destroy them in the process.

Previously SpaceX has only been able to recover the first stage of its Falcon 9 rocket which contains the engine that provides the initial thrust needed to lift the rocket.

The aerospace engineering company is looking for new ways to make their rocket components reusable in order to bring down the cost of its missions.

When speaking at a space conference about a refurbished SpaceX rocket, SpaceX President and COO Gwynne Shotwell said that "it was substantially less than half" the cost of building a new rocket booster.

Koenigsmann fielded a question asking if SpaceX would try to purposefully de-orbit the second stage of the rocket used for the TESS launch.

Elon Musk's Boring Company has raised $112.5 million (78.5 million pounds) in equity, the firm said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1737630/000173763018000001/xslFormDX01/primary_doc.xml on Monday, as it seeks to build underground tunnels for its hyperloop transportation project.